Bitcoin has fallen below $34,000, and other crypto prices have also fallen today, but Tron has risen.
Bitcoin fell through a crucial support level over the weekend, hitting a nearly four-month low, its lowest since January, and a year-to-date drop of more than 25%. (YTD). As investors across asset classes react to hints of more interest rate hikes, the world's largest and most popular cryptocurrency has generally followed the bearish trend in equities markets.
The price of bitcoin fell below $34,000 today, trading at $33,948, down over 2%. The global crypto market's worth has dropped almost 3% in the last 24 hours to $1.65 trillion, according to pricing from CoinGecko.
On the other side, Ether, the second largest cryptocurrency and the coin tied to the Ethereum network, fell more than 3% to $2,499. Meanwhile, the price of dogecoin has dropped about 5% to $0.12, while the price of Shiba Inu has dropped over 5% to $0.000018.
Other digital tokens' performance deteriorated as well, with Solana, Polkadot, Cardano, Uniswap, Terra, XRP, Avalanche, Polygon, and Stellar values falling 2-5 percent in the last 24 hours, while Tron rose more than 4%.
The crypto market has been impacted by the Russia-Ukraine situation, increasing inflation, and expectations of Fed rate hikes, therefore Bitcoin has mostly traded in a range of $35,000 to $45,000 this year.
Bitcoin has been trading in lockstep with technology equities. The 90-day correlation coefficient between Bitcoin and the tech index is now at 0.67, the highest level since Bloomberg began tracking this data in 2010. A coefficient of one indicates that the assets are moving in lockstep, whereas a coefficient of minus one indicates that they are moving in opposite directions.
Ycuezt28-03-2024 | 06:00 PM
clozapine medication - how to get coversum without a prescription buy famotidine generic
Puyyxu26-03-2024 | 06:00 PM
order retrovir 300 mg - buy rulide for sale zyloprim brand
Vtcakb23-03-2024 | 06:00 PM
lasix 40mg oral - prazosin 2mg generic captopril 25mg pills
Upinqu22-03-2024 | 06:00 PM
acillin drug penicillin oral amoxil cheap
Elpttq21-03-2024 | 06:00 PM
metronidazole 400mg us - buy cefaclor 250mg pills buy zithromax 500mg for sale
Brqwgs20-03-2024 | 06:00 PM
ivermectin 6mg pills for humans - tetracycline 500mg pill order tetracycline 500mg generic
Xfocyx19-03-2024 | 06:00 PM
buy valacyclovir 1000mg online - starlix 120 mg pills buy acyclovir 800mg for sale
Sdgvtx18-03-2024 | 06:00 PM
purchase ciplox pills - cheap erythromycin 500mg where to buy erythromycin without a prescription
Ratqsc17-03-2024 | 06:00 PM
buy flagyl generic - oral azithromycin 500mg buy azithromycin pills for sale
Wjkpwq14-03-2024 | 06:00 PM
buy generic baycip - cost cephalexin order augmentin 375mg pill
Nkmyhu14-03-2024 | 06:00 PM
brand ciprofloxacin 500mg - cephalexin 500mg cheap purchase amoxiclav pill